Profit and Loss problems
- 1. A shopkeeper wants to earn 33% profit on an article after offering 30% discount. By how much percentage more he should mark the price of his article above cost price?
Options- A. 90
- B. 63
- C. 69
- D. 72 Also asked in: Bank Exams
Correct Answer: 90
- 2. Arun is a cashew merchant in Telangana. He has cashews in sealed wooden boxes of 10kg each. The price of the cashew increases by Rs.20 per kg for every year, but at the same time, 10% of the cashews are eaten by rodents every year. If the price of a 1 kg of fresh cashew is Rs.120, what is the change in his profits if he sells a sealed box after one year of storage, rather than selling it fresh ? (In Rs.)
Options- A. Rs. 60
- B. Rs. 54
- C. Rs. 80
- D. Rs. 75 Also asked in: AIEEE, Bank Exams, CAT, GATE, GRE, Bank Clerk, Bank PO
Correct Answer: Rs. 60
Explanation:
Price of 1kg fresh cashew = Rs.120
Therefore, price of 10kg = Rs.120 x 10 = Rs.1200
10% of 10kg which eaten by rodents = 10 x 10/100 = 1kg.
So, End of Year he had 10kg - 1kg = 9kg
So, he sells that 9kg with Rs.20 per kg profit = 9 x 140 = 1260.
He buy 10kg wooden box with cashew for Rs.1200 and sell that for Rs. 1260
So, profit = 1260 - 1200 = Rs.60 more money he get.
- 3. A person sold two cows each for Rs.9900. If he gained 10% on one and lost 20% on the other, then which of the following is true ?
Options- A. He lost Rs. 200
- B. He gained Rs. 200
- C. Neither he gained nor lost
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: None of the above
Explanation:
In first he got Rs. 990
But in second he lost Rs. 1980
So he lost Rs. 990.
- 4. A bottle is sold at a loss of 9%. Had it sold for Rs. 15 more, a profit of 25/2% would have gained. What is the cost price of the bottle (approx)?
Options- A. Rs. 32
- B. Rs. 35
- C. Rs. 36
- D. Rs. 33 Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: Rs. 35
Explanation:
Let the cost price of the bottle = Rs. 100
Selling price of the bottle = Rs. 100 - Rs. 9 = Rs. 91
Then, from the given data,
=> 112 (1/2) - 91 = 15
=> 21 (1/2) = 15
=> 43 = 15
Then 100 = ?
1500/43 = 34.885 =~ 35
Hence, the cost price of the bottle = Rs. 35
- 5. While selling an article for Rs 18450, a person suffered a loss of 50%. At what price he should have sold the article (in Rs) to earn a profit of 50%?
Options- A. 13837
- B. 52000
- C. 55350
- D. 56775 Also asked in: Bank Exams
Correct Answer: 55350
- 6. If a shop keeper marks his goods for a certain amount so as to get 25% gain after allowing a discount of 20%, then his marked price is
Options- A. Rs.156.25
- B. Rs.146.25
- C. Rs.166.25
- D. Rs.150.25 Also asked in: Bank Exams
Correct Answer: Rs.156.25
- 7. To make a profit of 20% the selling price of the good is Rs. 240. The cost price of the good is,
Options- A. Rs. 200
- B. Rs. 210
- C. Rs. 220
- D. Rs. 230 Also asked in: Bank Exams
Correct Answer: Rs. 200
- 8. A trader sells wire and gains 60% on the cost price. What will be the profit % on selling price?
Options- A. 33.33
- B. 40
- C. 60
- D. 37.5 Also asked in: Bank Exams
Correct Answer: 37.5
- 9. A wholesaler sells a watch to a retailer at a gain of 32% and the retailer sells it to a customer at a loss of 20%. If the customer pays Rs 1,953.6, what had it cost the wholesaler?
Options- A. Rs 2063
- B. Rs 2394
- C. Rs 1850
- D. Rs 1637 Also asked in: AIEEE, Bank Exams, CAT
Correct Answer: Rs 1850
- 10. 70% of the cost price of a article is equal to the 40% of its selling price. What is the profit or loss percentage?
Options- A. 63% loss
- B. 70% loss
- C. 75% profit
- D. 80% profit Also asked in: Bank Exams
Correct Answer: 75% profit
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